When it comes to company registration in Dubai UAE, the first thing that you need to decide is whether your company will be located on the mainland or in a free zone.
If your company is intended to be set up as a mainland company, you might need a Local Sponsor. This requirement varies by type of commercial activity – most business activities do not require a Local Sponsor. However, it is still mandatory for some sectors like Construction and Defence. There are some 2,100 commercial activities, and it is possible to get a business license for multiple activities. A good business setup consultants in Dubai can help you figure out if your proposed company needs a Local Sponsor.
So you need someone with experience in business setup in Dubai. A company formation expert who has specific experience in business setup in Dubai can put you in touch with the right Local Sponsor for your business. It is to be noted that the Local Partner owning 51% of the shares in the company does not mean he/she will take home 51% of the profits. The Local Partner could be compensated for his/her services on a monthly / quarterly/ half-yearly / annual basis, or he/she could take a percentage of the sales.
Company Registration in Dubai
If there is only one business owner for the company, it has to be incorporated as a Sole Establishment. This is the same as a Proprietorship Firm. If you have a business partner, or more than one, it is recommended that you set up your company as a Limited Liability Company or LLC. The minimum number of owners required for a Limited Liability Company is two and the maximum number is 50. If there are more than 50 shareholders, then you have to register the company as a Private Limited Company.
He/She can also draw up the company formation documents, which mention the name of the company, who the owner(s) is/are, and the reason why it is being set up. The company formation documents need to be duly notarized by a Notary Public for them to have legal validity in the United Arab Emirates. Your friendly business setup consultant who specializes in company registration in Dubai UAE can help you get the company formation documents notarized.
When you apply for company formation in Dubai, you are also required to submit a copy of your Tenancy Contract. So you would have to lease commercial space before applying for company registration in Dubai. You need to select a suitable commercial space for your operations, enter into a Tenancy Agreement with the owner of the premises, and register the Tenancy Agreement so that it becomes a legally binding Tenancy Contract or Ejari as it is known locally.
Need Professional Assistance with Company Registration in Dubai?
If you are looking at options for low cost business setup in Dubai, then A&A Associate LLC is the right business setup consultant for you. They can help you with company registration in Dubai. So for all your needs pertaining to company registration in Dubai, A&A Associate LLC can advise you on the right course of approach, so that it is a hassle-free affair. You need not think of any other business setup consultant for company registration in Dubai. We take care of everything, so that you don’t you have to.